Following the Democratic rout in the American mid-term elections, defenders of limited government will wonder whether a Republican-led Congress will … Continue reading “Market independence or business as usual?”

I suspect that I am less of a disciple of the Austrian School of economics than many readers and many … Continue reading “Austrians, poker and bubbles”

A trillion here, 500 billion there – it seems no amount is too much when the authorities want to fix a perforated economy. … Continue reading “Do we need a central bank?”

There does not seem to have been much confidence, even at the Fed, that its latest round of quantitative easing … Continue reading “The Fed’s new quantitative easing policy: monetary stimulus is all but exhausted”

I suspect that I am less of a disciple of the Austrian School of economics than many readers and many … Continue reading “Austrians, poker and bubbles”

A trillion here, 500 billion there – it seems no amount is too much when the authorities want to fix a perforated economy. … Continue reading “Do we need a central bank?”

While quantitative easing has received much press, qualitative easing has been neglected. Qualitative easing consists of policies that deteriorate the average … Continue reading “Qualitative easing”

In every walk of life there are people who are greedy, selfish and sometimes those who downright cheat. Some MPs … Continue reading “Blame our inadequate politicians for the slump”